Midwest Real Estate News April/May 2016 : Page 1

MINNESOTA | MISSOURI | NEBRASKA | OHIO | TENNESSEE | WISCONSIN APRIL/MAY 2016 VOLUME 30 ISSUE 09 WWW .REJOURNALS.COM Directories begin on page 29: THE DAKOTAS | ILLINOIS | INDIANA | IOWA | KANSAS | KENTUCKY | MICHIGAN Healthcare MOBs, Top Brokerage Firms, Asset/Property Management Firms, Background Screening Companies The future site of the new Amazon fulfillment center in Edgerton, Kansas. Amazon making a big impact in Kansas City with new fulfillment center By Dan Rafter, Editor FEATURE A Commercial real estate activity continues to soar in Omaha market mazon continues to make news in the Mid-west, this time announcing that it will open a new fulfillment center in the Logistics Park Kansas City in Edgerton, Kansas. The new 800,000-square-foot facility will bring with it about 1,000 new full-time hourly jobs to the Kansas City market. Colby Tanner, assistant vice president of economic development with BNSF Railway, the intermodal rail provider that services the logistics park, said that he’s not surprised at Amazon’s decision. The logistics park will serve as an important hub for the online retailer, he said. “There is a lot that goes into this decision. Number one is Kansas City’s positioning in the United States. This is the middle of the United States. From a sheer logistics standpoint, this location makes perfect sense for Amazon,” Tanner said. “Being in the mid-dle of the country creates certain advantages that other communities don’t have.” This location is crucial for a company like Ama-zon that needs to ship product to all corners of the country, Tanner said. “This logistics park is at the crossroads of several interstates, so it’s easy to ship product by truck,” he said. “It is at the intersection of many railroads. We KANSAS CITY FEATURE (continued on page 14) Credit strong labor force, schools, low unemployment and low cost of living for the local boom T By Dan Rafter, Editor imothy Kerrigan describes the sales, leasing and new-construc-tion activity in the Omaha market with one word: robust. It’s an unusual word for Omaha’s CRE market. Kerrigan, a vice president spe-cializing in office, land and investment for Omaha’s Investors Realty, said that brokers here have typically used “stable” and “steady” to describe the commercial activity in the Omaha market. But that changed last year. In 2015, the Omaha commercial real es-tate market saw about 1 million square feet of lease deals of more than 1,000 OMAHA FEATURE (continued on page 8)

Next Page

Publication List
Using a screen reader? Click Here